In 24 charts, the Washington Post reveals how George W. Bush's presidency screwed up the country and the rest of the world for many years to come. Health, employment, the GDP, public services, the Middle East, and almost every other measurable condition of civilization's health and welfare were severely damaged by Bush's policies, all of which were enacted to make rich people richer. In achieving that goal, Bush's presidency was a resounding success.
Even if you don’t blame the [debt] crisis on Bush, at least half the debt is directly attributable to his policy choices. Racking up debt isn’t necessarily a bad thing, and some have even argued that surpluses can be economically dangerous, but for whatever it’s worth, Bush played a big role there. It’s also worth noting that Bush was increasing the deficit at a time when the economy was expanding — which is exactly the opposite of what Keynesians believe makes sense, and which also made it more difficult for the country to respond to the recession.Discuss Next post